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LCF vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LCF vs. USMV

Last updated Jul 17, 2026
Documentation

LCF (Touchstone US Large Cap Focused ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds. LCF is actively managed, while USMV is passively managed. Over the past 3 years, LCF returned 16.22%/yr vs 11.14%/yr for USMV. A 0.68 correlation means they provide meaningful diversification when combined. LCF charges 0.70%/yr vs 0.15%/yr for USMV.

Performance

LCF vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone US Large Cap Focused ETF (LCF) and iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LCF achieves a 5.83% return, which is significantly higher than USMV's 3.90% return.

LCF

1D
-0.33%
1M
2.06%
6M
4.91%
YTD
5.83%
1Y
14.96%
3Y*
16.22%
5Y*
—
10Y*
—

USMV

1D
1.08%
1M
1.27%
6M
3.44%
YTD
3.90%
1Y
6.27%
3Y*
11.14%
5Y*
6.96%
10Y*
9.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LCF vs. USMV - Yearly Performance Comparison

2026 (YTD)2025202420232022
LCF
Touchstone US Large Cap Focused ETF		5.83%17.20%20.71%26.20%-4.72%
USMV
iShares MSCI USA Min Vol Factor ETF		3.90%7.65%15.74%10.33%-0.83%

Correlation

The correlation between LCF and USMV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Jul 29, 2022

0.68

Over the past year, the correlation between LCF and USMV has dropped to 0.45 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

LCF vs. USMV - Sectors Allocation Comparison

Sectors
LCF
USMV

Technology

37.9%
33.9%

Communication Services

18.0%
6.2%

Financial Services

12.7%
11.7%

Healthcare

9.2%
12.6%

Consumer Cyclical

8.7%
5.7%

Industrials

5.5%
6.1%

Consumer Defensive

4.0%
9.4%

Energy

2.3%
2.7%

Real Estate

1.2%
2.5%

Basic Materials

0.6%
2.4%

Utilities

-

6.9%

Technology

LCF
37.9%
USMV
33.9%

Communication Services

LCF
18.0%
USMV
6.2%

Financial Services

LCF
12.7%
USMV
11.7%

Healthcare

LCF
9.2%
USMV
12.6%

Consumer Cyclical

LCF
8.7%
USMV
5.7%

Industrials

LCF
5.5%
USMV
6.1%

Consumer Defensive

LCF
4.0%
USMV
9.4%

Energy

LCF
2.3%
USMV
2.7%

Real Estate

LCF
1.2%
USMV
2.5%

Basic Materials

LCF
0.6%
USMV
2.4%

Utilities

LCF

-

USMV
6.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Touchstone US Large Cap Focused ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with LCF:
LCF vs. BDGSLCF vs. SIOLCF vs. DVNDLCF vs. SAMTLCF vs. TLCILCF vs. TSECLCF vs. TUSI
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

LCF vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LCF
LCF Risk / Return Rank: 3838
Overall Rank
LCF Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
LCF Sortino Ratio Rank: 3939
Sortino Ratio Rank
LCF Omega Ratio Rank: 3939
Omega Ratio Rank
LCF Calmar Ratio Rank: 3131
Calmar Ratio Rank
LCF Martin Ratio Rank: 3939
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 2525
Overall Rank
USMV Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 2323
Sortino Ratio Rank
USMV Omega Ratio Rank: 2222
Omega Ratio Rank
USMV Calmar Ratio Rank: 2525
Calmar Ratio Rank
USMV Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LCF vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone US Large Cap Focused ETF (LCF) and iShares MSCI USA Min Vol Factor ETF (USMV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

LCFUSMVDifference
Sharpe ratioReturn per unit of total volatility
1.20
0.74

+0.46

Sortino ratioReturn per unit of downside risk
1.71
1.10

+0.61

Omega ratioGain probability vs. loss probability

1.21

1.13

+0.08

Calmar ratioReturn relative to maximum drawdown

1.29

0.98

+0.31

Martin ratioReturn relative to average drawdown

5.00

3.18

+1.83

LCF vs. USMV - Sharpe Ratio Comparison

The current LCF Sharpe Ratio is 1.20, which is higher than the USMV Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of LCF and USMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

LCF vs. USMV - Drawdown Comparison

The maximum LCF drawdown since its inception was -18.28%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for LCF and USMV.

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Drawdown Indicators

LCFUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-18.28%

-33.10%

+14.82%

Max Drawdown (1Y)

Largest decline over 1 year

-11.67%

-6.46%

-5.21%

Max Drawdown (3Y)

Largest decline over 3 years

-18.28%

-9.36%

-8.92%

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.93%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.10%

—

Current Drawdown

Current decline from peak

-0.33%

-1.24%

+0.91%

Average Drawdown

Average peak-to-trough decline

-2.81%

-2.87%

+0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

1.98%

+1.02%

Volatility

LCF vs. USMV - Volatility Comparison

Touchstone US Large Cap Focused ETF (LCF) has a higher volatility of 3.80% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 3.00%. This indicates that LCF's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LCFUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.80%

3.00%

+0.80%

Volatility (6M)

Calculated over the trailing 6-month period

10.07%

6.41%

+3.66%

Volatility (1Y)

Calculated over the trailing 1-year period

12.53%

8.53%

+4.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.44%

12.38%

+3.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.44%

14.50%

+0.94%

LCF vs. USMV - Expense Ratio Comparison

LCF has a 0.70% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

LCF vs. USMV - Dividend Comparison

LCF's dividend yield for the trailing twelve months is around 0.52%, less than USMV's 1.49% yield.

PositionTTM20252024202320222021202020192018201720162015
LCF
Touchstone US Large Cap Focused ETF		0.52%0.55%0.63%0.71%0.24%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USMV
iShares MSCI USA Min Vol Factor ETF		1.49%1.49%1.67%1.82%1.62%1.26%1.81%1.88%2.12%1.77%2.22%2.02%

Frequently Asked Questions

LCF and USMV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LCF has higher volatility (3.80%) compared to USMV (3.00%). In terms of maximum drawdown, LCF dropped -18.28% vs USMV's -33.10%.

On 3-year performance, LCF leads with 16.22% vs 11.14% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, LCF has performed better with a 16.22% return vs 11.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USMV is cheaper with a 0.15% expense ratio, compared with 0.70% for LCF.

USMV has the higher dividend yield at 1.49%, compared with 0.52% for LCF.

They also come from different issuers: Touchstone and iShares. Their fees differ too: 0.70% for LCF and 0.15% for USMV.

LCF currently has the higher Sharpe Ratio (1.20 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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